Survey forecasts price of Arab Light OSP to Asia increasing $0.25-$0.60 per barrel
Saudi Arabia plans to increase the price of its crude oil to Asia next month. The increase of OPEC’s largest producer’s official selling price (OSP) of its benchmark Arab Light to Asia comes in response to robust demand for its crude in Asian markets and to higher consumption at home during the hot summer months, reports Reuters.

A survey conducted by Reuters forecast the Arab Light OSP to Asia would be raised by $0.25-$0.60 per barrel, putting it at parity w...


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